Today, Canaccord Genuity Downgraded LifeLock Inc. (LOCK) to Hold

Today, Canaccord Genuity Downgraded LifeLock Inc. (LOCK) to Hold

Canaccord Genuity lowered shares of LifeLock Inc. (NYSE:LOCK) from a buy rating to a hold rating in a research note issued to investors on Tuesday. They currently have $24.00 price target on the stock, up from their previous price target of $23.00.

Other equities research analysts also recently issued research reports about the company. Dougherty & Co downgraded LifeLock from a buy rating to a sell rating and set a $24.00 price target for the company. in a report on Monday. Zacks Investment Research downgraded LifeLock from a buy rating to a hold rating in a report on Wednesday, October 5th. Goldman Sachs Group Inc. initiated coverage on LifeLock in a report on Monday, August 15th. They set a neutral rating and a $18.00 price target for the company. Wunderlich raised their price target on LifeLock from $15.00 to $20.00 and gave the company a buy rating in a report on Wednesday, August 3rd. Finally, Needham & Company LLC downgraded LifeLock from a buy rating to a hold rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $20.33.

Shares of LifeLock (NYSE:LOCK) opened at 23.84 on Tuesday. The firm has a market cap of $2.24 billion, a P/E ratio of 124.82 and a beta of 1.11. LifeLock has a 52 week low of $9.14 and a 52 week high of $23.98. The stock has a 50 day moving average of $18.10 and a 200 day moving average of $16.14.

LifeLock (NYSE:LOCK) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The company earned $170.29 million during the quarter, compared to analyst estimates of $168.44 million. LifeLock had a net margin of 2.60% and a return on equity of 15.05%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Analysts anticipate that LifeLock will post $0.76 earnings per share for the current fiscal year.

In related news, insider Richard Todd Davis sold 8,100 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $16.11, for a total value of $130,491.00. Following the transaction, the insider now owns 343,850 shares in the company, valued at $5,539,423.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of LifeLock during the third quarter worth approximately $109,000. BNP Paribas Arbitrage SA boosted its position in shares of LifeLock by 114.1% in the third quarter. BNP Paribas Arbitrage SA now owns 6,996 shares of the company’s stock worth $118,000 after buying an additional 3,729 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of LifeLock by 3.9% in the third quarter. D.A. Davidson & CO. now owns 7,787 shares of the company’s stock worth $131,000 after buying an additional 291 shares during the last quarter. BlackRock Inc. boosted its position in shares of LifeLock by 33.2% in the second quarter. BlackRock Inc. now owns 8,841 shares of the company’s stock worth $140,000 after buying an additional 2,205 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of LifeLock by 123.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,930 shares of the company’s stock worth $157,000 after buying an additional 5,487 shares during the last quarter. Institutional investors own 96.96% of the company’s stock.

LifeLock Company Profile

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